CONTRIBUTE: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CONTRIBUTE
Largest movements
- Financial fixed assets -€147,128
down €147,128 (-15.7%), from €938,269 to €791,141
- Receivables within one year -€145,778
down €145,778 (-5.5%), from €2.6m to €2.5m
of which Trade receivables: -€566,355
- Cash -€72,285
down €72,285 (-75.1%), from €96,248 to €23,963
mainly Trade debts (-€310,902) and Tax, wage and social debts (-€109,968)
- Trade debts -€310,902
down €310,902 (-18.7%), from €1.7m to €1.4m
- Tax, wage and social debts -€109,968
down €109,968 (-31.1%), from €353,206 to €243,238
of which Taxes: -€93,525
- Reserves +€41,150
up €41,150 (+2.5%), from €1.7m to €1.7m
of which Distributable reserves: +€175,870
- Turnover -€779,244
down €779,244 (-7.1%), from €11.0m to €10.2m
- Purchases and services -€575,133
down €575,133 (-6.6%), from €8.7m to €8.2m
- Gross operating margin -€301,696
down €301,696 (-12.7%), from €2.4m to €2.1m
- Staff costs -€171,419
down €171,419 (-9.0%), from €1.9m to €1.7m
- Financial charges +€146,817
up €146,817 (+409.1%), from €35,884 to €182,701
of which Non-recurring financial charges: +€147,128
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,838,760 | €3,454,945 | -€383,815 | -10.0% |
| Fixed assets | 21/28 | €992,165 | €830,991 | -€161,173 | -16.2% |
| Tangible fixed assets | 22/27 | €53,895 | €39,850 | -€14,045 | -26.1% |
| Plant, machinery and equipment | 23 | €53,895 | €39,850 | -€14,045 | -26.1% |
| Financial fixed assets | 28 | €938,269 | €791,141 | -€147,128 | -15.7% |
| Current assets | 29/58 | €2,846,595 | €2,623,954 | -€222,642 | -7.8% |
| Amounts receivable within one year | 40/41 | €2,629,422 | €2,483,644 | -€145,778 | -5.5% |
| Trade receivables | 40 | €2,058,713 | €1,492,358 | -€566,355 | -27.5% |
| Other amounts receivable | 41 | €570,709 | €991,286 | +€420,577 | +73.7% |
| Cash at bank and in hand | 54/58 | €96,248 | €23,963 | -€72,285 | -75.1% |
| Deferred charges and accrued income | 490/1 | €120,925 | €116,347 | -€4,579 | -3.8% |
| Total equity and liabilities | 10/49 | €3,838,760 | €3,454,945 | -€383,815 | -10.0% |
| Equity | 10/15 | €1,725,804 | €1,767,228 | +€41,424 | +2.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,663,562 | €1,704,712 | +€41,150 | +2.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €197,870 | €63,150 | -€134,720 | -68.1% |
| Distributable reserves | 133 | €1,459,492 | €1,635,362 | +€175,870 | +12.1% |
| Profit (loss) carried forward | 14 | €242 | €516 | +€274 | +113.3% |
| Provisions and deferred taxes | 16 | - | €5,943 | +€5,943 | |
| Provisions for liabilities and charges | 160/5 | - | €5,943 | +€5,943 | |
| Pensions and similar obligations | 160 | - | €5,943 | +€5,943 | |
| Amounts payable | 17/49 | €2,112,956 | €1,681,774 | -€431,182 | -20.4% |
| Amounts payable within one year | 42/48 | €2,018,672 | €1,612,802 | -€405,870 | -20.1% |
| Trade debts | 44 | €1,665,466 | €1,354,564 | -€310,902 | -18.7% |
| Suppliers | 440/4 | €1,665,466 | €1,354,564 | -€310,902 | -18.7% |
| Taxes, remuneration and social security | 45 | €353,206 | €243,238 | -€109,968 | -31.1% |
| Taxes | 450/3 | €154,296 | €60,771 | -€93,525 | -60.6% |
| Remuneration and social security | 454/9 | €198,910 | €182,467 | -€16,443 | -8.3% |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Accrued charges and deferred income | 492/3 | €94,284 | €68,972 | -€25,312 | -26.8% |
| Turnover | 70 | €10,975,207 | €10,195,963 | -€779,244 | -7.1% |
| Non-recurring operating income | 76A | €50 | €145 | +€95 | +189.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €8,734,807 | €8,159,674 | -€575,133 | -6.6% |
| Remuneration, social security and pensions | 62 | €1,896,771 | €1,725,352 | -€171,419 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,960 | €24,682 | +€2,723 | +12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,943 | +€5,943 | |
| Other operating charges | 640/8 | €15,306 | €13,110 | -€2,197 | -14.4% |
| Non-recurring operating charges | 66A | €598 | €352 | -€245 | -41.0% |
| Gross operating margin | 9900 | €2,371,899 | €2,070,203 | -€301,696 | -12.7% |
| Operating profit (loss) | 9901 | €437,264 | €300,764 | -€136,500 | -31.2% |
| Financial income | 75/76B | €8,542 | €3,541 | -€5,001 | -58.5% |
| Recurring financial income | 75 | €358 | €3,541 | +€3,182 | +887.9% |
| Non-recurring financial income | 76B | €8,183 | - | -€8,183 | |
| Financial charges | 65/66B | €35,884 | €182,701 | +€146,817 | +409.1% |
| Recurring financial charges | 65 | €35,884 | €35,573 | -€311 | -0.9% |
| Non-recurring financial charges | 66B | - | €147,128 | +€147,128 | |
| Profit (loss) for the period before taxes | 9903 | €409,923 | €121,604 | -€288,318 | -70.3% |
| Income taxes | 67/77 | €120,525 | €80,180 | -€40,345 | -33.5% |
| Profit (loss) for the period | 9904 | €289,398 | €41,424 | -€247,974 | -85.7% |
| Transfer from tax-exempt reserves | 789 | - | €197,870 | +€197,870 | |
| Transfer to tax-exempt reserves | 689 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €289,398 | €176,144 | -€113,254 | -39.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.